and remains in a weak position
Twice, earlier in the week, the Resistance at 4396 (major controlling price) was tested. As I’ve been writing, I want to see price above that level before considering new longs. ES opened above the Control on Thursday and then immediately declined below it, with two further rejections at that price later in the day. That’s not great price action. Bulls would want to see that price recovered and held. Currently it is acting as Effective Resistance.
